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According to a report by the Nigerian Export Promotion Council, the country has the potential to export over 200,000 metric tons of palm kernel cake annually.
In addition, the global demand for palm kernel cake is also increasing, especially in the Asian market, where it is used in the production of animal feed.
The growing demand for livestock products in the region is driving the demand for animal feed, which in turn drives the demand for palm kernel cake.
Nigeria is one of the largest producers of palm kernel in the world, with an annual production of about 8 million metric tons.
According to a report by Mordor Intelligence, the global palm kernel cake market size was valued at USD 3.7 billion in 2020 and is expected to grow at a CAGR of 3.5 from 2021 to 2026.
The production of palm kernel cake in Nigeria and Africa is not without its challenges.
Keypoints
- What Is Palm Kernel Cake
- What Is The Palm Kernel Cake Production Business In Nigeria and AfricaAbout
- Benefits of The Palm Kernel Cake Production Business In Nigeriaand Africa
- Health Benefits of Palm Kernel Cake
- Business Opportunities In The Palm Kernel Cake Production Business In Nigeria and Africa
- Facts About The Palm Kernel Cake Production Business In Nigeria and Africa
- Types Of Palm Kernel Cake Production Businesses In Nigeria and Africa
- Types Of Palm Kernel Cakes In Nigeria and Africa
- The Peak Season For The Palm Kernel Cakes Production Business In Nigeria and Africa
- How To Start The Palm Kernel Cake Production Business In Nigeria and Africa StepByStep Guide
- How To Process Palm Kernel Cake In Nigeria or Africa
- Types Of Equipment Tools Used In The Palm Kernel Cake Production Business In Nigeria or Africa
- Target Market For The Palm Kernel Cake Production Business In Nigeria or Africa
- How To Sell or Market Palm Kernel Cakes In Nigeria or Africa
- Challenges Of The Palm Kernel Cake Production Business In Nigeria and Africa
- To Sum It Up
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